PANews reported on May 24 that according to Decrypt, a participant at Trump's crypto dinner immediately issued a Solana meme coin named DINNER through Pump.fun, but the token quickly collapsed. The video shows an anonymous creator operating his phone to issue the coin during Trump's speech, with the initial market value rising to $450,000 before plummeting 89%, ultimately leaving only $14,000 in market value. On-chain data revealed two major risk signals: the creator controls 10% of the token supply (double the industry standard) and 44% of tokens are held through multiple wallets to create a false decentralization illusion. Although the creator promised to transfer 5% of tokens to the official TRUMP wallet, they actually transferred them to their own address, triggering community accusations of a "scam". The earliest buyers profited $3,600 through three transactions, while most late investors suffered losses.
The incident intensified external doubts about the "paid participation" nature of the dinner. Protesters held "Stop Crypto Corruption" signs outside the venue, and Democratic lawmakers had previously requested a moral investigation of the dinner. Notably, the creator ultimately did not sell their 10% token holdings, and the DINNER token value essentially dropped to zero after falling 92.5% from its brief high point.
